HDFC Capital invests Rs 15.50 bn in SP Real Estate projects
ECONOMY & POLICY

HDFC Capital invests Rs 15.50 bn in SP Real Estate projects

HDFC Capital Advisors, a real estate private equity investment manager owned by top mortgage lender HDFC, has invested over Rs 1,550 crore in a portfolio of residential projects of property developer Shapoorji Pallonji Real Estate.

The investment, made through structured debt instruments, will flow into six projects spread over nearly 7 million square feet in Mumbai and Pune. It will be utilised for financial closure of projects, repayment of high-cost debt, and working capital, the companies said.

“Our partnership with HDFC Capital Advisors will give us significant headroom to capitalise on growth opportunities in our targeted markets. This partnership will add immense value to our project pipeline and propel our growth further,” said Venkatesh Gopalakrishnan, chief executive officer of Shapoorji Pallonji Real Estate.

Vipul Roongta, managing director and chief executive of HDFC Capital Advisors, said through its partnership with Shapoorji, HDFC Capital will focus on meeting the increasing demand for high-quality homes for mid-income households in India.

“In line with the ‘housing for all’ vision of the government of India, HDFC Capital’s endeavour is to increase the supply of housing in India by providing flexible, long-term capital to leading developers across India,” he said.

All the six projects are greenfield projects in the mid-income category, with some components of premium as well as affordable segments.

See also:
Godrej Properties purchases 12 acre of land in Pune for building houses
With 340,000 unsold units in Mumbai, developers are under pressure


HDFC Capital Advisors, a real estate private equity investment manager owned by top mortgage lender HDFC, has invested over Rs 1,550 crore in a portfolio of residential projects of property developer Shapoorji Pallonji Real Estate. The investment, made through structured debt instruments, will flow into six projects spread over nearly 7 million square feet in Mumbai and Pune. It will be utilised for financial closure of projects, repayment of high-cost debt, and working capital, the companies said. “Our partnership with HDFC Capital Advisors will give us significant headroom to capitalise on growth opportunities in our targeted markets. This partnership will add immense value to our project pipeline and propel our growth further,” said Venkatesh Gopalakrishnan, chief executive officer of Shapoorji Pallonji Real Estate. Vipul Roongta, managing director and chief executive of HDFC Capital Advisors, said through its partnership with Shapoorji, HDFC Capital will focus on meeting the increasing demand for high-quality homes for mid-income households in India. “In line with the ‘housing for all’ vision of the government of India, HDFC Capital’s endeavour is to increase the supply of housing in India by providing flexible, long-term capital to leading developers across India,” he said. All the six projects are greenfield projects in the mid-income category, with some components of premium as well as affordable segments. See also: Godrej Properties purchases 12 acre of land in Pune for building housesWith 340,000 unsold units in Mumbai, developers are under pressure

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code